Marc Chandler Quotes

The Federal Reserve purposely seeks not to surprise the market. And it delivered no surprise today, keeping rates steady. The statement following the meeting confirmed what the market has suspected, namely that demand is moderating bringing it closer to the economy's growth potential.

- Marc Chandler

Tags

Federal | Reserve | Purposely | Seeks | Surprise |

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The push the dollar is getting is partly on the back of stronger-than-expected housing data. It's not just that housing starts are up. Permits were expected to fall. - Marc Chandler

The economic performance is taking on even great significance in the market's understanding of the trajectory of Fed policy. Any disappointment with the Philadelphia Fed Survey could lead to renewed dollar selling. - Marc Chandler

The data shows that the housing market is not falling off the edge of a cliff, and the consumer confidence numbers are also better than expected so we're seeing a knee-jerk rise in the dollar. - Marc Chandler